Showing posts with label board. Show all posts
Showing posts with label board. Show all posts

Tuesday, November 30, 2010

Groupon's Board Is Meeting Wednesday To Decide Whether To Take Google's $6 Billion Offer

Andrew Mason, Groupon

Groupon's board is having a conference call on Wednesday to decide whether to take Google's humongous offer ($5.3 billion, plus a $700 million earnout, according to Kara Swisher), Amir Efrati and Geoffrey Fowler of the WSJ say.

Unless Groupon's board has gone stark-raving mad, the answer should be "yes."

As we discussed earlier, this is a whopping huge pile of money for a 2-year old company, even one growing as fast as Groupon. Still, it's a smart move for Google, whose core business is maturing and whose cash $33 billion of cash is rotting away on its balance sheet.

Integrating the two companies will be very challenging, as it is hard to imagine two more different cultures.  (Engineering in Google's case, sales and marketing in Groupon's).

But integration isn't Groupon's board's problem...

See Also: Here's How Google Could Instantly Ruin Groupon After It Buys It

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Groupon's Board Is Meeting Wednesday To Decide Whether To Take Google's $6 Billion Offer


Backlink: http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/RXnmXBw6v6A/groupons-board-meeting-wednesday-to-decide-whether-to-take-googles-6-billion-offer-2010-11

Groupon's Board Has A Conference Call Tomorrow To Discuss Google Deal (GOOG)

Groupon tour slideGroupon's board will have a conference call tomorrow to discuss Google's $5+ billion offer for the company, the WSJ reports.

"There's a lot of debate going on" among Groupon's directors, a WSJ source says, as the company could also potentially raise a bunch more money from an investor, or pursue an IPO.

The WSJ also spoke to Groupon CEO Andrew Mason, who says that Groupon will launch new tools this week that let people buy more deals per day, and "dramatically increase" the number of merchants offering deals on the site every day.

Part of this is to launch the Groupon Store platform for merchants that it has been testing.

We met with Mason earlier this month, and he told us that Groupon is currently trying to figure out how it would change its business given its current assets, which include a huge userbase and a large roster of local merchants.

Groupon will also soon announce that it has bought another company, uBuyiBuy, for an undisclosed amount, the WSJ says. This will reportedly help Groupon launch its deals in Hong Kong, Singapore, the Philippines and Taiwan.

Click here for a photo tour of Groupon's Chicago HQ -- the wackiest startup we've ever visited →

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Groupon's Board Has A Conference Call Tomorrow To Discuss Google Deal (GOOG)


Backlink: http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/3jk4ojvH-mA/groupons-board-has-a-conference-call-tomorrow-to-discuss-google-deal-2010-11

Thursday, November 25, 2010

Startup Idea: Twitter Job Board

Dick Costolo thumb

It may seem crazy to some, but Twitter is fast becoming a very useful recruiting tool. Job offers can spread virally by tweets and be responded to. For many jobs, a Twitter profile, with a link to a personal website, gives you as good background on a person as a resume would.

So we think there's an opportunity to organize all that recruiting activity and build a startup around it.

One way to do it would be simply to aggregate all recruitment-related tweets and let people search that, and maybe sell ads against searches like job search engine Indeed.com does for regular job search (and Google does for everything else). That job wouldn't be as simple as it sounds as not all recruiting tweets are tagged as such, but maybe they could be gathered with a combination of grabbing specific keywords, user flagging and training users to use a specific hashtag, and maybe even Amazon Mechanical Turk.

A more elaborate model might involve offering companies to spread their offers on Twitter to people who are looking for work for a fee each time the company gets a qualified lead. This could work by asking people to retweet the offer and then split the fee with the person whose retweet got the lead. That would boost the job offers' virality. At the same time, it probably wouldn't turn into outright spam, as people would only retweet (and get a shot at the money) if they thought one of their followers was potentially interested. You could also ban people who abuse the system.

Of course other startups could build this. Indeed.com, as we mentioned, is the leader in job search on the web, and might build something like this for Twitter. Hashable, which already does professional networking on Twitter, might add recruiting functionality. And the Twitter-but-not-really-Twitter advertising startups like Ad.ly and TweetUp (now PostUp) might expand into recruiting.

Here are more reasons we think this could work:

  • Recruiting is one of the best monetized verticals online. Companies are always willing to pay up to recruit the right people and for the right leads in recruiting. This makes recruiting a very attractive category for startups.
  • This is one area where we don't think Twitter will crush a platform app. Twitter tends to either acquire or make irrelevant apps on its platform, but these are mostly apps that, in the words of Twitter board member Fred Wilson, "fill holes on Twitter." Recruiting is a significant and separate enough vertical that it's probably safe.

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Startup Idea: Twitter Job Board


Backlink: http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/18Jmoy1RSjs/startup-idea-twitter-job-board-2010-11

Thursday, November 18, 2010

Former Northrop Grumman CEO Ronald Sugar Joins Apple’s Board Of Directors

Apple is announcing a new board member today—Dr. Ronald Sugar, the former chairman of the board and CEO of the Northrop Grumman, a U.S. defense company. According to a release Dr. Sugar will serve as the Chair of the Audit and Finance Committee. Dr. Sugar was Chairman and CEO at Northrop Grumman from 2003 until his retirement in 2010. Prior to working for the defense company, he held positions at Litton Industries and TRW Inc., where he served as chief financial officer.

Post originale: http://feedproxy.google.com/~r/Techcrunch/~3/3g2Lc15oDyQ/

Friday, October 22, 2010

Green IT: In the Data Center and in the Board Room

Eight months ago, I made the case that green IT, the art and science of making technological infrastructures more energy efficient, was an emerging market that would yield some really interesting career paths. At the time, I cited a survey that said 77 percent of large enterprises either had green IT initiatives underway or were at least considering them. It's a smart move considering the fact that the data center is usually the largest consumer of electricity in any corporate environment.


Now we have some new numbers from Forrester Research that show the need for green IT expertise. According to analyst Christopher Mines, "The first thing to make clear is that there is an opening in most companies for sustainability leadership. Less than a quarter of the companies in our worldwide survey base reported that they had a dedicated Chief Sustainability Officer or equivalent executive function." Sixty-six percent of the global firms surveyed said, "We do not have a chief sustainability officer or other executive dedicated to planning and executing."



That person could be you - or perhaps your boss - in years to come.



Luckily, when sustainability is being discussed in an enterprise, IT is likely to be leading the discussion, which is as it should be. In the survey, 44 percent said IT has a central role in both planning and executing sustainability initiatives. I wonder about the 14 percent who say IT plays no role in green IT. What are they thinking?

Mines makes the important point that broadly speaking, IT is experiencing a sweeping shift "from infrastructure to information." What he means is that when it comes to green IT, we have to look beyond the physical layer of cooling systems and energy-efficient servers and focus on "aggregating, analyzing, and reporting the information that results from wiring up all those assets." His suggestion: IT needs to hook up with colleagues in facilities, finance, operations, and HR, forging internal alliances that work together to tackle sustainability from every angle.


We've said it before, but it bears repeating: green IT matters to the enterprise not because it helps to save the planet but because it helps to save money. You may be interested in the topic because you care about the future of the planet, but you can't count on the CEO sharing your concerns. The top brass wants to improve the bottom line, which is what a sustainable enterprise can do, as long as everyone with a stake works toward that common goal.



The good news is that in today's IT environment, virtually every cutting-edge technology¿all the things that you should be learning about right now¿can tie into green IT. Cloud-based software implementations, virtualization, remote access¿they all play a part in making the enterprise more efficient, so if you're working on these kinds of initiatives you're already part of the solution.



Just make sure you learn how to benchmark the savings. If you can consolidate ten servers into two virtualized servers, how many person hours will you save? How much energy, and therefore money, will you save? Techies sometimes joke that the more efficient they get, the more likely they are to streamline themselves right onto the unemployment line. The defense against that is to fashion yourself as the visionary, proving over and over again that you have an idea that can squeeze another x percent out of the IT budget.



To get up to speed on some of the basic green IT concepts, visit Dice's resources on careers in green IT, our outline explaining how to make IT environmentally friendly, and our look at where the green jobs are.

--Don Willmott 



Post originale: http://career-resources.dice.com:80/articles/content/entry/green_it_in_the_data